Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
The phenomenon of SIREN/USDT price collapse amid rising Contract Volume (Trading Volume) and Open Interest
1. Dominance of Short Selling (Empty Sell) Rising contract volume does not always mean people are buying (Long). If volume spikes while prices fall, it indicates aggressiveness from Short Sellers.
* Many traders open short positions (Short) simultaneously, exerting significant selling pressure on futures market prices.
* This pressure often spills over into the spot market, causing prices to "collapse" due to strong negative sentiment.
2. Long Liquidation Event (Mass Liquidation)
This is the most common cause. When prices drop slightly, traders with high leverage long positions will face margin calls or liquidation.
* Domino Effect: When long positions are liquidated, the system automatically sells those assets into the market to cover losses.
3. Distribution by "Whale" (Whale)